HS GOVTECH ANNOUNCES FINAL COURT APPROVAL OF ARRANGEMENT AGREEMENT

VANCOUVER, BC, Nov. 17, 2023 /CNW/ - HS GovTech Solutions Inc. ("HS GovTech", or the "Company") (CNSX:HS.CN) (Frankfurt: 38H) (OTC:HDSLF), a leading provider of SaaS applications for government, is pleased to announce that it has received approval from the Supreme Court of British Columbia for its previously announced statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia), pursuant to which a British Columbia subsidiary of a US private equity fund operated by Banneker Partners LLC (the  "Purchaser") will acquire all of the issued and outstanding common shares, on a fully diluted basis, of the Company (the "Shares") for an all-cash consideration of $0.54 per Share (the "Arrangement").